The Indpendent Goldshield directors are recommending the increased cash offer from Midas following the withdrawal of AIT Investnents from the bidding process.
Shareholders are being advised to accept the 485p per share offer announced by Midas Bidco on 25 October 2009.
The Directors say they welcome the announcement by Ajit Patel, a member of the AIT consortium and a 4.8% shareholder in the Company, that he will request the trustees of the Goldshield shares for which he and his family are beneficiaries to vote in favour of the Midas offer.
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